Financial details were not immediately released, but local media say the club’s debt has reached 5 million euros ($5.7 million).

The statement by Reus on Monday says the new group plans to build an 18,000-capacity stadium and an entertainment complex.

The club says Platt was a founder of Morgan Stanley Real Estate, while Onolfo was a former owner of the Connecticut Wolves, a team which used to play in the United Soccer League.

The takeover will allow Reus to keep playing in the second division and avoid the immediate risk of extinction. Last month, players demanded out of their contracts because they hadn’t been paid in months.

The new owners will have to show the club from near Barcelona is in compliance with rules by the Spanish league and other stakeholders.

Reus’ match against Las Palmas on Saturday was suspended because of the team’s situation.

The Catalan club is 20th in the 22-team second-division standings.

Among the players affected by Reus’ situation was young United States defender Shaq Moore, who was playing on a loan from Levante. He returned to Levante this month.

It was one of two Serie A matches on Monday, with AC Milan winning the other to pull back ahead of AS Roma and into fourth place.

Suso and Fabio Borini netted as Milan won 2-0 at Genoa with Gonzalo Higuain out of the 18 ahead of a reported move to Chelsea. Higuain is reportedly waiting for Milan to find his replacement, and the club hopes it’ll be Krzysztof Piatek.

Genoa’s general director Giorgio Perinetti has told Italian radio a meeting over Poland international Piatek, 23, will take place after today’s game and a conclusion is expected one way or another within 48 hours.

Both Juve and Milan face tests next weekend, with the leaders off to Lazio and Gennaro Gattuso’s Milan tangling with Napoli at the San Siro.